/biz/ - Business & Finance

>>53756547
Bitcoin has not "decided" to do anything. If bitcoiners could come together and decide to do anything, you would think they would be able to make a hard fork to patch the most pressing issues of their cryptocurrency. What happened was that there was a coup back in 2017 with the XT dispute, and everyone who knew anything moved to BCH which lost traction and failed, while all the dumbass reddit idiots stayed in BTC because of the pump. Now you have a community which is hyper-focused on price above basic usability, and a leadership that has been decapitated by blockstream and others (https://www.youtube.com/watch?v=0BZoKH-hX_o))

The tradeoff between blocksize and decentralization comes to mind, and the solution is obvious to anyone who knows anything about computers. The costs of storage decrease EXPONENTIALLY with time, see pic related. The opportunity cost of the world's most famous cryptocurrency being dysfunctional (having >$1 dollar fees) are massive and growing by the day. Obviously any reasonable tradeoff will continue to favor a larger blocksize over time.